African telecoms to abolish roaming rates

Phone calls across African borders could become cheaper, as ministers have discussed making an agreement to scrap roaming charges reports The East African. This emerged from a meeting of the Common Market for Eastern and Southern Africa (comesa), which has been taking place in Lusaka, Zambia, it adds. Ecowas, which is a group of 15 West […]

Nigeria: Telecoms companies in trouble for mass sacking of staff

The House of Representatives has summoned the administration of MTN, Glo, Airtel, Etisalat and Intels to show up on Wednesday over the enormous employment misfortunes in the telecoms segment. The five organizations are relied upon to react to “inquiries on their inability to dispatch to government coffers, real duties accordingly of their exercises in Nigeria”. […]

Nigerian senate frees MTN on charges of corruption

Nigeria’s Senate approved on Wednesday a report largely exonerating South African telecoms company MTN Group Ltd’s Nigerian unit, after the business was accused of illegally repatriating $14 billion to its parent. But the Senate report also asked Nigeria’s central bank to sanction Stanbic IBTC Bank “for improper documentations in respect of capital repatriation and loan […]

African markets factors Nov 9, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Thursday. – – – – – EVENTS: *KENYA – The central bank to auction 91-day, 182-day and 364-day Treasury bills worth a total 24 billion shillings ($232 million). GLOBAL MARKETS Asia stocks hovered near a […]

African markets factors for Nov 6, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – GLOBAL MARKETS Asian shares stepped away from recent decade highs on Monday while the U.S. dollar staged a broad-based rally and oil jumped to a more than two-year peak […]

Top 50 brands in Nigeria: MTN leads

Telecommunication provider, MTN has led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, National spread, and Brand popularity. The brand is followed by Dangote Group, Coca-Cola, GTBank, among others in the ranking. The Chief Executive Officer of Top 50 Brands Nigeria, Taiwo Oluboyede, at the unveiling of this […]

Liquid Telecom: Best African Wholesale Carrier 2017

Pan-African telecoms group Liquid Telecom, a subsidiary of Econet Global, has once again been named as Best African Wholesale Carrier at the annual Global Carrier Awards. For the sixth consecutive year, Liquid Telecom has been recognised for its outstanding achievements in the African wholesale telecoms sector, which it serves through the largest independent pan-African fibre […]

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Market factors Sept 25, 2017 (Worldwide)

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday. – – – – – EVENTS: *GHANA – The central bank to make its benchmark lending rate decision. *RWANDA – The statistics office to release second quarter 2017 gross domestic product figures. GLOBAL MARKETS […]

Microsoft ready to convey cloud benefits crosswise over Africa

Driving container African telecoms Group Liquid Telecom, an auxiliary of Econet Global has collaborated with Microsoft through the Cloud Solution Provider (CSP) program and is currently conveying versatile and secure cloud benefits crosswise over Africa. As an authority CSP accomplice, Liquid Telecom will surprisingly serve organizations of all sizes in Africa with cloud administrations and […]

Loans: UBA gives funds to 9Mobile

Nigeria’s United Bank for Africa (UBA) said it had made a provision on loans made to 9mobile, the mobile operator formerly known as Etisalat Nigeria. The lender did not give details of the provision but said it had a 38 billion naira ($125 million) exposure to 9mobile. UBA said the exposure was secured, and part […]

30 percent on 9Mobile loan available: Zenith Bank

This article features ways in which Zenith Bank Nigeria has been trying to make sure that 9Mobile succeeds doing business… The Managing Director/CEO of Zenith Bank Plc, Mr. Peter Amangbo, has revealed that his bank, one of the 13 Nigeria lenders that loaned 9Mobile (formerly Etisalat Nigeria) $1.2 billion for its network expansion and upgrade, […]

Africa: Economic indicators for August 15, 2017

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. – – – – – GLOBAL MARKETS Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signalled that he would delay plans to fire a missile near Guam, easing tensions […]

Vodacom acquires 35% stake in Kenya’s Safaricom

Vodacom has successfully acquired a 35% stake in Kenya’s Safaricom from its parent firm Vodafone Group for ZAR35 billion ($2.6 billion). The transfer was executed by the group’s subsidiary Vodafone International Holdings, which retains a 5% indirect stake in Safaricom. After it obtained the requisite regulatory approvals in both Kenya and South Africa, Vodacom’s shareholders […]

… As Etisalat becomes 9Mobile

Nigeria’s telecoms regulator has approved the change of Etisalat Nigeria’s name to 9mobile after its Middle East parent pulled out, according to Reuters reports. Etisalat Nigeria has started the process of rebranding and is expected to unveil the new brand soon. “Etisalat Nigeria wishes to inform its over 20 million subscribers, government, regulatory agencies … […]

Trouble as Etisalat Nigeria becomes 9Mobile

The name change in the brand identity of Etisalat Nigeria to 9Mobile has continued to elicit responses from stakeholders, who are of the view that the move, which is inevitable, may create some financial burden on the telecoms company, but it is not an evolutionary phase that cannot be weathered, writes Emma Okonji When an […]

Medianet top articles for July 14, 2017

Budget 2017: The trouble with budget after being signed into law Posted:Fri, 14 Jul 2017 22:31:21 +0000 Nigeria’s 2017 budget, signed into law by the acting president a month ago, has still not been finalised and is being amended due to disagreements between parliament and the presidency, two sources familiar with the matter said. Any […]

How local carriers can list on stock market

The Managing Director/Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, says telecommunications companies in Nigeria can successfully list on the Nigerian Stock Exchange and contribute significantly to the socio-economic development of the country, barring the challenges confronting operators in the sector. He said an enabling business environment, policies that promote ease of doing business and […]

Factors to watch African markets – July 3

Reuters: The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Monday . GLOBAL MARKETS Asian stocks held two-years highs on Monday, starting the new month on a solid footing after two quarters of gains while expectations of credit tightening by the world’s major central […]

Dozie and MTN’s success: Story for every success monger

In the banking world, where he first came into mainstream awareness, Dr. Dozie is feted across Nigeria and far beyond. Diamond Bank, the financial institution he founded more than 20 years ago is unscathed by many financial crises and remains, within the banking sector, a sterling reference. In telecoms, he weathered the familiar storms of […]

Etisalat Nigeria assures staff after debt shake-over

  Etisalat Nigeria sought to reassure its apparently distraught workers Tuesday after talks with its lenders broke down, leading to the telecoms company being taken over by banks. In a message to all staff of the company, the Chief Executive of Etisalat Nigeria, Mathew Willsher, acknowledged the challenging business outlook for the company but said […]

ZTE Nigeria Limited vows to fight on despite recession

Despite the economic downturn, ZTE Nigeria Limited has expressed its commitment to continue investing in the economy, particularly in the development of local human capital. ZTE Nigeria is the subsidiary of ZTE Corporation, one of the leading multinational ICT solution and service providers in the world.   It is listed on the Hong Kong and Shenzhen […]